BMW records record car sales as UK manufacturing collapses Yesterday's poor data, regarding exports and industrial growth in Germany, have been countered today with the news that BMW has posted record car sales in the first six months of the year due to strong growth in China and the US. The German car manufacturer sold […]
Mind The Gap; Mid Morning London Session Update Pre New York's Open Read More »
Troika agrees a route forward with Greece as protestors take to the streets. The Greek government's commitment to its international lenders and bond holders, that it will push through widespread layoffs in the public sector despite the objections from government workers, sparked mass protests on the streets of Athens. As Eurozone finance ministers met in
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The week beginning July 1st ended as it began in the FX market, with virtually all the medium to longer term forex trends on the major currency pairs remaining unbroken. The euro continued its downward trend versus all of its major peers whilst the greenback continued its upward trajectory. The euro's slump continued post the
Is The Trend Still Your Friend? Trend Analysis Week Beginning July 8th 2013 Read More »
A troika 'deal' has been reached with Greece. Whilst that could be considered good news this revision to the original agreement terms and conditions has been put in place on the basis that Greece now will engage in a fresh round of public sector job cuts in order to meet its obligations to the country's
Mind The Gap; Mid Morning Trading Update Pre New York's Open Read More »
The week beginning July 1st ended as it began in the FX market, with virtually all the medium to longer term forex trends on the major currency pairs remaining unbroken. The euro continued its downward trend versus all of its major peers whilst the greenback continued its upward trajectory. The euro’s slump continued post the
Trend Analysis Week Beginning July 8th 2013 Read More »
A troika ‘deal’ has been reached with Greece. Whilst that could be considered good news this revision to the original agreement terms and conditions has been put in place on the basis that Greece now will engage in a fresh round of public sector job cuts in order to meet its obligations to the country’s
Mind The Gap; Mid Morning Trading Update Pre New York’s Open Read More »
There was something entirely fitting about the first monetary policy committee decision and post decision press conference held by the new Bank of England governor Mark Carney on Thursday July 4th. Firstly, most of the assembled journalists and analysts were left in no doubt that from here on in the MPC, the monetary policy commission
Meet The New Governor, He’s Just (Not) Like The Old Governor… Read More »
There was something entirely fitting about the first monetary policy committee decision and post decision press conference held by the new Bank of England governor Mark Carney on Thursday July 4th. Firstly, most of the assembled journalists and analysts were left in no doubt that from here on in the MPC, the monetary policy commission
Meet The New Governor, He's Just (Not) Like The Old Governor… Read More »
One of the PIIGS is beginning to squeal, Portugal's bond yields rise past the critical 7% yield to 8%. Bond traders have been selling Portuguese debt this morning, in turn driving down its price and as a consequence pushing up the interest rate (yield) on the bonds. The yield was trading at below 6.5% on
What message are Japan's salary men delivering to the global economy? Many readers will be familiar with the concept of Mrs Watanabe, for those amongst us that aren't here's a quick synopsis; Mrs Watanabe is the personification of the Japanese housewife speculators, who are (occasionally) strong enough to affect international markets, especially foreign exchange markets.
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